Professional Documents
Culture Documents
HA1020 Week 8A Int. Control & Cash Mana.
HA1020 Week 8A Int. Control & Cash Mana.
HA1020 Week 8A Int. Control & Cash Mana.
Lecture 8: Part A
Record business transactions in the journals and ledgers that make up a business’s
2 accounting system
Holmes Institute
Applied Business Statistics for Managers
Pathways
Lecture 8A: What you will learn
Learn the three principles of management of cash, and the trends in cash
2 management. And, discuss how companies are cash generators.
Examine internal control and cash payments – how are these managed and
3 cash protected?
Holmes Institute
Applied Business Statistics for Managers
Pathways
What is cash?
1. Identify money
3 important principles
Holmes Institute
Applied Business Statistics for Managers
Pathways
Control of cash receipts
Holmes Institute
Applied Business Statistics for Managers
Pathways
Internal control and cash receipts
Holmes Institute
Applied Business Statistics for Managers
Pathways
Internal control and cash payments
Holmes Institute
Applied Business Statistics for Managers
Pathways
Now it is your turn - Internal Control Cases
1. The cashier records the receipt of cash, banks it and also keeps the
ledger
3. Our bookkeeper is very loyal and efficient. She handles all the banking
and the records and hasn’t even taken annual leave for five years
Holmes Institute
Applied Business Statistics for Managers
Pathways
Now it is your turn - Internal Control Cases
“The cashier records the receipt of cash, banks it and also keeps the
ledger”
Holmes Institute
Applied Business Statistics for Managers
Pathways
Now it is your turn - Internal Control Cases
‘The office manager authorizes the payments of salaries and also prepares
sales invoices’
Holmes Institute
Applied Business Statistics for Managers
Pathways
Now it is your turn - Internal Control Cases
Our bookkeeper is very loyal and efficient. She handles all the banking and
the records and hasn’t even taken annual leave for five years
Holmes Institute
Applied Business Statistics for Managers
Pathways
But why didn’t the auditor stop Wirecard?
1 We have examined how cash is managed, considering control of cash, cash like
similarities e.g. credit cards, EFTPOS, etc.
Holmes Institute
Applied Business Statistics for Managers
Pathways